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ONEOK to Bolster Bakken Infrastructure with New Projects
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ONEOK Partners L.P. plans to invest approximately $650 million to $780 million between now and the second quarter 2016 to:
Build a new 200-million cubic feet per day (MMcf/d) natural gas processing facility – the Lonesome Creek plant – and related infrastructure in McKenzie County, N.D., in the Bakken Shale in the Williston Basin; the Lonesome Creek plant is the partnership's sixth new natural gas processing plant built in the region since 2010 and seventh plant overall; and Complete a second expansion of the Bakken NGL Pipeline, which will increase the pipeline's capacity to 160,000 barrels per day (bpd) from 135,000 bpd.Terry K. Spencer, president, ONEOK Partners, commented: "Production in the Williston Basin continues to increase with no signs of leveling off or slowing. The new…
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